In yesterday’s Wall Street session, The Simply Good Foods Company (NASDAQ:SMPL) shares traded at $36.26, down -0.82% from the previous session.
SMPL stock price is now -1.65% away from the 50-day moving average and 1.28% away from the 200-day moving average. The market capitalization of the company currently stands at $3.60B.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
With the price target of $42, Needham recently initiated with Buy rating for The Simply Good Foods Company (NASDAQ: SMPL). On June 27, 2022, Stephens Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $44 to quote $45, while ‘UBS’ rates the stock as ‘Buy’.
In other news, SCALZO JOSEPH, CEO and President sold 100,000 shares of the company’s stock on Apr 19. The stock was sold for $4,468,850 at an average price of $44.69. Upon completion of the transaction, the CEO and President now directly owns 45,555 shares in the company, valued at $1.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 19, Chief Marketing Officer Quest Zink Linda sold 5,000 shares of the business’s stock. A total of $222,001 was realized by selling the stock at an average price of $44.40. This leaves the insider owning 21,815 shares of the company worth $0.79 million. Insiders disposed of 13,884,989 shares of company stock worth roughly $503.47 million over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SMPL stock. A new stake in The Simply Good Foods Company shares was purchased by CRAMER ROSENTHAL MCGLYNN LLC during the first quarter worth $14,872,000. POINT72 ASSET MANAGEMENT, L.P. invested $12,040,000 in shares of SMPL during the first quarter. In the first quarter, ARTHA ASSET MANAGEMENT LLC acquired a new stake in The Simply Good Foods Company valued at approximately $7,511,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in SMPL for approximately $5,313,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in SMPL valued at around $1,854,000 in the second quarter. In total, there are 350 active investors with 86.30% ownership of the company’s stock.
On Tuesday morning The Simply Good Foods Company (NASDAQ: SMPL) stock kicked off with the opening price of $36.48. During the past 12 months, The Simply Good Foods Company has had a low of $29.21 and a high of $45.77. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 4.40, and a quick ratio of 2.90. The fifty day moving average price for SMPL is $36.87 and a two-hundred day moving average price translates $35.80 for the stock.
The latest earnings results from The Simply Good Foods Company (NASDAQ: SMPL) was released for Nov, 2022. According to the Packaged Foods Company, earnings per share came in at $0.42, beating analysts’ expectations of $0.4 by 0.02. This compares to $0.22 EPS in the same period last year. The net profit margin was 10.40% and return on equity was 8.60% for SMPL. The company reported revenue of $300.88 million for the quarter, compared to $281.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.97 percent. For the current quarter, analysts expect SMPL to generate $292.51M in revenue.
The Simply Good Foods Company(SMPL) Company Profile
The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, pizzas, protein chips, and recipes, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names. The company also provides confectionery products, such as full-size and mini peanut butter cups, and fudgey brownie and gooey caramel candy bites. It distributes its products to various retail channels, such as mass merchandise, grocery and drug channels, club stores, convenience stores, gas stations, and other channels. The company also sells its products through e-commerce channels, including atkins.com, questnutrition.com, and amazon.com. The Simply Good Foods Company was incorporated in 2017 and is headquartered in Denver, Colorado.
